Linden Thomas Advisory Services LLC Buys 281 Shares of Service Co. International (NYSE:SCI)

Linden Thomas Advisory Services LLC grew its position in shares of Service Co. International (NYSE:SCI) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,978 shares of the company’s stock after buying an additional 281 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Service Co. International were worth $2,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in Service Co. International in the fourth quarter valued at approximately $435,000. Perfromance Wealth Partners LLC increased its stake in Service Co. International by 100.4% in the 4th quarter. Perfromance Wealth Partners LLC now owns 6,011 shares of the company’s stock valued at $480,000 after buying an additional 3,011 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in Service Co. International by 10.8% during the fourth quarter. Atomi Financial Group Inc. now owns 8,538 shares of the company’s stock worth $682,000 after acquiring an additional 834 shares in the last quarter. Perpetual Ltd grew its stake in shares of Service Co. International by 9.8% in the fourth quarter. Perpetual Ltd now owns 132,376 shares of the company’s stock valued at $10,566,000 after buying an additional 11,761 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Service Co. International by 12.0% during the 4th quarter. UMB Bank n.a. now owns 2,428 shares of the company’s stock worth $194,000 after purchasing an additional 261 shares during the last quarter. Institutional investors own 85.53% of the company’s stock.

Insider Buying and Selling

In other Service Co. International news, VP Elisabeth G. Nash sold 56,100 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $86.13, for a total transaction of $4,831,893.00. Following the completion of the sale, the vice president now owns 109,260 shares of the company’s stock, valued at approximately $9,410,563.80. The trade was a 33.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Tony Coelho sold 2,555 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $85.64, for a total value of $218,810.20. Following the completion of the sale, the director now owns 53,324 shares of the company’s stock, valued at $4,566,667.36. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,655 shares of company stock valued at $9,356,203 over the last quarter. Corporate insiders own 5.10% of the company’s stock.

Service Co. International Stock Performance

NYSE:SCI opened at $77.77 on Friday. The business’s fifty day moving average is $82.33 and its 200 day moving average is $79.11. The firm has a market cap of $11.25 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 2.02 and a beta of 0.87. Service Co. International has a 52-week low of $64.10 and a 52-week high of $89.37. The company has a debt-to-equity ratio of 2.91, a quick ratio of 0.48 and a current ratio of 0.52.

Service Co. International (NYSE:SCI) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. Service Co. International had a net margin of 12.19% and a return on equity of 31.84%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. Research analysts predict that Service Co. International will post 3.51 EPS for the current year.

Service Co. International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.24 annualized dividend and a dividend yield of 1.59%. This is a positive change from Service Co. International’s previous quarterly dividend of $0.30. Service Co. International’s dividend payout ratio is currently 34.88%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SCI shares. StockNews.com upgraded shares of Service Co. International from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. Oppenheimer upped their price target on shares of Service Co. International from $86.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Truist Financial boosted their target price on Service Co. International from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Raymond James raised their price objective on Service Co. International from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $88.50.

Service Co. International Company Profile

Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering.